Keep detailed records of everything
It’s an awful feeling if a beneficiary loses trust in you and starts questioning your role in the process. This can get particularly dicey if you’re getting compensated for your duties through the estate. In order to avoid any further tensions, make sure you keep meticulous records of everything—we’re talking every request sent to officials, every list drawn up of assets, every receipt, every email, and every communication with banks and insurance agents. Make notes after any phone calls you make or receive. The more detailed your notes, the more you can reassure beneficiaries that you’ve done due diligence throughout the entire process.
If this sounds incredibly tedious, then we’ve got some good news: ClearEstate makes it incredibly easy for you to create full transparency for all beneficiaries involved. With the help of ClearEstate’s beneficiary portal, you can ensure that all beneficiaries are able to view the progress of the settlement, receive a summary of what assets they’re entitled to, and keep detailed records of all communications. Building trust and maintaining transparency is key for a smooth process.